News Centre

Joint IMFC And Development Committee Statement By US Secretary Of The Treasury Janet L. Yellen

Date 13/10/2022

The United States remains resolute in its condemnation of Russia’s illegal war against Ukraine, which violates international norms and the core tenets of the United Nations Charter. We urge Russia to immediately end this needless war. We stand with the Ukrainian people and their government against Russia’s aggression and fraudulent attempts to annex parts of Ukraine. We continue to provide critical military and economic support to Ukraine in cooperation with bilateral and multilateral partners. This economic support includes debt service suspension from Ukraine’s Group of Creditors through 2023, alongside financing from international financial institutions (IFIs) and direct bilateral aid. While the Ukrainian people pay the highest price, Russia’s actions also place immense pressure on a global economy still recovering from the scarring effects of the COVID-19 pandemic and on people well beyond Europe’s shores. The IMF and World Bank play unique roles in helping countries around the world respond to these shocks while collaborating to provide unprecedented financing.

Remarks Before The Small Business Capital Formation Advisory Committee, SEC Chair Gary Gensler, Washington D.C., Oct. 13, 2022

Date 13/10/2022

Good morning, everyone. My thanks to Carla and the members of the Small Business Capital Formation Advisory Committee. As is customary, I’d like to note that my views are my own, and I am not speaking on behalf of the Commission or SEC staff.

Federal Reserve Board Announces It Has Prohibited Five Former Bank Employees From Future Employment In The Banking Industry For Fraudulently Obtaining Loans And Grants Administered Under The Coronavirus Aid, Relief, And Economic Security (CARES) Act

Date 13/10/2022

The Federal Reserve Board on Thursday announced that it had prohibited five former bank employees from future employment in the banking industry for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

BIS: Gender Diversity In Bank Boardrooms And Green Lending: Evidence From Euro Area Credit Register Data

Date 13/10/2022

Summary

Focus 

Since banks play a pivotal role in modern financial systems, they can help to accelerate the transition to a carbon-neutral economy if they make more sustainable lending decisions. A bank's climate strategy and related decision-making depend on the trajectory defined by the board, which in turn depends on the board's diversity. The presence of women in banks' boardrooms can add value along several dimensions, as explained by sociological and physiological theories, as well as empirical evidence.

Sus And Yeet: Remarks Before The University Of California Irvine Audit Committee Summit, SEC Commissioner Hester M. Peirce, Oct. 7, 2022

Date 13/10/2022

Thank you, Patricia [Wellmeyer]. I am pleased to be at today’s Audit Committee Summit and to be at the University of California, Irvine, albeit only virtually. Before I begin, I must remind you that my remarks reflect solely my individual views as a Commissioner and do not necessarily reflect the views of the full Securities and Exchange Commission or my fellow Commissioners.

Statement On Staff’s FAQ Relating To Investment Adviser Considerations Of DEI Factors: Commissioner Caroline A. Crenshaw, SEC Commissioner Jaime Lizárraga, Oct. 13, 2022

Date 13/10/2022

The staff has issued an FAQ on an adviser’s fiduciary duty when considering factors relating to diversity, equity, and inclusion (DEI) in the selection or recommendation of other investment advisers.

FSB Publishes Recommendations For Supervisory And Regulatory Approaches To Climate-Related Risks And Calls For Continued Progress On Disclosures

Date 13/10/2022

The Financial Stability Board (FSB) today published two reports as part of its work on addressing climate-related financial risks, outlined in its Roadmap.

Municipal CUSIP Request Volumes Fall For Third Straight Month In September - Short-Term CDs Extend Nine-Month Growth Streak

Date 13/10/2022

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2022. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly decrease in request volume for new municipal identifiers, while corporate request volume increased.

ACER Publishes The 2021 Monitoring Report On Security Of Electricity Supply

Date 13/10/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) publishes today its first monitoring report on security of electricity supply in EU Member States (‘Report’). The Report looks into the implementation of adequacy-related methodologies to identify the necessary level of security of supply and to assess adequacy of the electricity system in the short- and long-term. The Report also examines the measures adopted by Member States to address persisting security of supply concerns.

CryptoCompare Exchange Review - September 2022: Crypto Volumes Spike Amid Market-Wide Sell-Off In September

Date 13/10/2022

The markets continued to decline in September as the Consumer Price Index (CPI) exceeded the consensus forecast and the US Federal Reserve announced its decision to raise the interest rate by 75bps.